SOLD
Sold on 24 Jun 2024 for $900,000

3/9 Chapel Street
Lynbrook VIC 3975

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 310m2
Land area: 368m2
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Property Details for 3/9 Chapel St, Lynbrook

Building Type
Commercial
Floor Size
310m2
Land Size
368m2
Local Government
Casey
Lot/Plan
3/PS606720

Last Listing description (November 2019)

Located just off the South Gippsland and Western Port Highway is this versatile office/warehouse which has excellent accessibility and security (within a gated complex). The price, size and features of this facility make it ideal for starting and growing your business, as it is suited to a variety of commercial uses!

Property Features:

+ Tenanted investment returning $29,000 p.a ++ with 3% annual increases
+ Securely tenanted until December 2022
+ Total floor area of 310 m2
+ High internal clearance
+ Container height RSD (Electric)
+ Three (3) phase power
+ Generous allocated car parking
+ Ground floor office with HVAC
+ Modern concrete design and construction
+ Excellent natural lighting
+ Secure complex with remote control security gates
+ Quick access to South Gippsland Highway, Western Port Highway and the M1 Freeway

Call now to inspect and secure your new office/warehouse!!

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Property History for 3/9 Chapel St, Lynbrook, VIC 3975

A timeline of how this property has performed in the market
Last Sold
$900,000
24 Jun 2024
Listed for Rent
$594/w
18 Nov 2019
  • 24 Jun 2024
    Sold for $900,000
  • 25 Jul 2019
    Listed for Sale $565,000 (No GST)
  • 25 Jul 2019
    Listed for Rent $31,000 / month
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About Lynbrook 3975

The size of Lynbrook is approximately 4.1 square kilometres. It has 19 parks covering nearly 13% of total area. The population of Lynbrook in 2011 was 6,771 people. By 2016 the population was 8,531 showing a population growth of 26.0% in the area during that time. The predominant age group in Lynbrook is 0-9 years. Households in Lynbrook are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lynbrook work in a professional occupation. In 2011, 84.3% of the homes in Lynbrook were owner-occupied compared with 80.5% in 2016.

Lynbrook has 3,197 properties. Over the last 5 years, Houses in Lynbrook have seen a 34.39% increase in median value, while Units have seen a 20.37% increase. As at 30 November 2024:

  • The median value for Houses in Lynbrook is $916,295 while the median value for Units is $620,269.
  • Houses have a median rent of $630 while Units have a median rent of $540.
There are currently 18 properties listed for sale, and 7 properties listed for rent in Lynbrook on OnTheHouse. According to CoreLogic's data, 118 properties were sold in the past 12 months in Lynbrook.

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